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Box (BOX) Gains But Lags Market: What You Should Know
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In the latest trading session, Box (BOX - Free Report) closed at $17.60, marking a +0.92% move from the previous day. This change lagged the S&P 500's 1.62% gain on the day. Meanwhile, the Dow gained 1.54%, and the Nasdaq, a tech-heavy index, added 1.31%.
Coming into today, shares of the online storage provider had gained 7.79% in the past month. In that same time, the Computer and Technology sector gained 2.55%, while the S&P 500 gained 3.4%.
Wall Street will be looking for positivity from BOX as it approaches its next earnings report date. This is expected to be December 1, 2020. The company is expected to report EPS of $0.14, up 1500% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $194.04 million, up 9.53% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.58 per share and revenue of $768.72 million. These totals would mark changes of +1833.33% and +10.41%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for BOX. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. BOX currently has a Zacks Rank of #4 (Sell).
In terms of valuation, BOX is currently trading at a Forward P/E ratio of 30.16. This valuation marks a discount compared to its industry's average Forward P/E of 67.51.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 192, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Box (BOX) Gains But Lags Market: What You Should Know
In the latest trading session, Box (BOX - Free Report) closed at $17.60, marking a +0.92% move from the previous day. This change lagged the S&P 500's 1.62% gain on the day. Meanwhile, the Dow gained 1.54%, and the Nasdaq, a tech-heavy index, added 1.31%.
Coming into today, shares of the online storage provider had gained 7.79% in the past month. In that same time, the Computer and Technology sector gained 2.55%, while the S&P 500 gained 3.4%.
Wall Street will be looking for positivity from BOX as it approaches its next earnings report date. This is expected to be December 1, 2020. The company is expected to report EPS of $0.14, up 1500% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $194.04 million, up 9.53% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.58 per share and revenue of $768.72 million. These totals would mark changes of +1833.33% and +10.41%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for BOX. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. BOX currently has a Zacks Rank of #4 (Sell).
In terms of valuation, BOX is currently trading at a Forward P/E ratio of 30.16. This valuation marks a discount compared to its industry's average Forward P/E of 67.51.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 192, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.